A group of creditors, led by Santa Monica-based investment manager Tennenbaum Capital Partners LLC, JP Morgan Investment Management Inc. in New York and Lake Forest, Ill.-based Z Capital Partners LLC, bought Real Mex out of Chapter 11 bankruptcy in a deal that closed in March.

The company is in the midst of a turnaround, focused on menu changes, restaurant updates and other improvements at its core brands El Torito, Chevys and Acapulco.